AmNet Mortgage

AmNet Mortgage is a nationwide mortgage bank that deals solely in the wholesale market, which means they work with brokers, not borrowers.  AmNet Mortgage ranks as one of America’s top twenty wholesale mortgage banks, and is one of the nation’s largest sellers of mortgage loan servicing.  AmNet Mortgage is a subsidiary of AmNet Inc., and they are both headquartered in San Diego California.  AmNet Mortgage underwrites a variety of mortgages, including fixed rate, adjustable rate, stated income, interest only, jumbo, ALT-A, home equity, and first time homebuyer programs.  They had an entire division of their company devoted to subprime lending, but discontinued that portion of their company as of January 2006, due to profit decrease.

Benefits of AmNet Mortgages

• One Source.  AmNet is a “one stop shop” for many mortgage products, competitive pricing, customer service, and local presence. 
• One Team.  AmNet narrows down the number of people a mortgage broker would have to go to get a loan approved.  Instead of going through multiple organizations, AmNet has all the resources a broker will need.
• One Success.  AmNet offers brokers services that enhance efficiency.  AmNet helps brokers attract customers.

AmNet has wholesale branches in Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Kansas, Massachusetts, Minnesota, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Rhode Island, Utah, Virginia, and Washington.

AmNet Mortgage Programs

Besides the traditional mortgage options, they also offer Conforming Mortgages such as Flexible 97, Flexible 100, and Fixed Rate 80/20.  Some special Non-Conforming products they offer brokers are PaySelect ARM, Pro X, Jumbo Gold, Power Plus, and Super Jumbo ARM.  They offer Simultaneous 2nds, Choice HELOC and Piggy Bank second mortgages, among others.  They also offer FHA with fixed and adjustable rates, and VA with fixed and adjustable rates.

Although brokers must be approved in order to work with AmNet, the process of becoming approved is rather simple.  A Broker submits an online request for information, and within forty-eight hours, an Account Executive will send the broker an application kit.  After a regional manager reviews the application and sends it to corporate for final approval, the Account Executive will notify the broker that he/she may start submitting files.

AmNet acknowledges and respects the Fair Housing Laws of 1968.  They do not discriminate against clients based on color, race, sex, religion, disability, national origin, or family status.

This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states. Mortgage Info makes no representation, express or implied, that you will receive a quote from any companies profiled on this site.